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Byron York

House oversight report: “Regulatory tsunami” spreading

The report says the Obama administration has “imposed 75 new major regulations costing more than $380 billion over ten years.” In addition, the report says there are 219 more “economically significant regulations” in the works which will cost businesses $100 million or more each year — for a minimum cost of $21 billion over ten years. The number of pages in the Federal Register, in which such rules are recorded, is increasing rapidly, the report says, and “pages devoted to final rules rose by 20 percent between 2009 and 2010, and proposed rules have increased from 2,044 in 2009 to 2,439 in 2010.”

“The Obama administration has created a regulatory environment that is suffocating America’s entrepreneurs’ ability to create jobs and grow business,” writes committee chairman Rep. Darrell Issa, Republican from California. “The result has been a regulatory tsunami that has stifled productivity, wages, job creation and economic growth.”

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WTF!

cmsinaz on September 14, 2011 at 3:45 PM

Count it!
-crr6

Vanceone on September 14, 2011 at 3:45 PM

Cavuto had a speed reader on his show Monday and Tuesday going over the over 24,000 pages of regulations we have so far. They didn’t get close to reading them all. It was just stinken unbelievable some of the krap that they regulate and mandate!
L

letget on September 14, 2011 at 3:46 PM

Thank you, President Obama

lorien1973 on September 14, 2011 at 3:46 PM

Translate all this into the number of jobs lost and hit him over the head with it. Yes, report me to the Attack site.

Also, watch what Obama does, not what he says, the Liar extraordinaire.

Schadenfreude on September 14, 2011 at 3:47 PM

That Obama is for jobs is a big mirage.

Schadenfreude on September 14, 2011 at 3:47 PM

The SOB has been intent on bringing down America since day one. And most of us knew it. Moochelle loving America for the first time, his BBF Bill Ayers and his racist America-hating pastor.

It was all there in bold print, so I am not surprised this is happening.

Time to impeach. Seriously. Time to impeach.

fogw on September 14, 2011 at 3:49 PM

Their numbers probably underestimate the damage. There’s really no way to count the loss projects that just get scrapped in the face of regulatory jihad.

forest on September 14, 2011 at 3:50 PM

In addition, the report says there are 219 more “economically significant regulations” in the works which will cost businesses $100 million or more each year — for a minimum cost of $21 billion over ten years.

These costs will be passed along to the American consumer in form of higher prices for goods and services. This will, of course, harm the poor and “middle class” the most.

It’s unbelievable that the Left, which supposedly cares about the poor, simply refuses to understand this simple economic principle.

Pathetic.

visions on September 14, 2011 at 3:55 PM

Why aren’t they creating jobs?-Obama

artist on September 14, 2011 at 4:13 PM

There is no doubt, we have become Byzantine.

Skandia Recluse on September 14, 2011 at 4:21 PM

That’s the name of the game Mr. Readon and it’s about time you wised up.

tommyboy on September 14, 2011 at 4:25 PM

Printing out the entirety of the shiat sandwich of new regulation and then stacking it up would make for a GREAT campaign ad.

24,000 pages = 48 reams of paper to 50 reams of paper, depending on whether you use the 480 sheet or 500 sheet calculation.

A ream of paper is roughly 2″ in height.

24,000 pages of paper in a state would, therefore, be roughly 8 feet tall.

Considering that the “average” person in this country is between 5 and 6 feet tall, the visual of seeing exactly how big the new regulations for businesses are could help hammer home exactly WHY the economy is in the toilet.

teke184 on September 14, 2011 at 4:28 PM

The SOB has been intent on bringing down America since day one. And most of us knew it. Moochelle loving America for the first time, his BBF Bill Ayers and his racist America-hating pastor.

It was all there in bold print, so I am not surprised this is happening.

Time to impeach. Seriously. Time to impeach.

fogw on September 14, 2011 at 3:49 PM

The 52%ers should hang their heads in shame.

Yep, another dose of your Transformative Change; Uncle Sugar knows best, even though he has driven millions into poverty, joblessness, homelessness, and despair.

Thanks for nothing.

hillbillyjim on September 14, 2011 at 5:11 PM

Their numbers probably underestimate the damage. There’s really no way to count the loss projects that just get scrapped in the face of regulatory jihad.

forest on September 14, 2011 at 3:50 PM

Yes, and the ripple effect, or rather the lack thereof, is even more difficult to measure and probably just as significant.

hillbillyjim on September 14, 2011 at 5:14 PM

H.R. 2681, introduced by Reps. John Sullivan (R-OK) and Mike Ross (D-AR), gives regulators additional time to develop workable rules for cement manufacturing facilities. Estimates show that EPA’s current rules could shut down up to 20 percent of the nation’s cement plants in the next two years, sending thousands of jobs overseas and driving up construction costs. This legislation will ensure the vitality of America’s cement industry which is crucial to our nation’s infrastructure projects–a key component of the president’s jobs plan.

“Neither the cement nor the boiler bill was part of the President’s jobs speech last week, but both should have been, as these bills clear away impediments to job creation in the years ahead,” said Whitfield.

Good grief. It never ends.

hillbillyjim on September 14, 2011 at 5:42 PM